Consumer Investment Strategy Shifts: Growth vs. Value in the Post-Bubble Market

Tomasz Tunguz analyzes whether consumer investment fatigue exists following the struggles of daily deals, subscription ecommerce, social gaming, and social media startups. Rather than dismissing consumer investing, he identifies two competing strategies: contrarian growth investing at historical valuations betting on new revenue models, or value investing with broader portfolio approach and lower expected returns. The author concludes consumer investment will persist despite market corrections.